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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: TwoBear who wrote (8831)10/31/1999 11:16:00 PM
From: LauA  Respond to of 78702
 
The overturn of Glass-Steagall can lead to some very interesting opportunities. Although bank PE's are low, some of the insurers are lower. It may become attractive for banks to enter insurance markets via stock merger with some of the insurance companies that are selling below book value.

Lau



To: TwoBear who wrote (8831)11/1/1999 12:43:00 AM
From: Michael Burry  Read Replies (1) | Respond to of 78702
 
The problem with a WAMU takeover is it is just itself getting organized after eating quite a few S&L's itself. It would be acquiring second-hand indigestion.

I like the company a lot though, and am hating that I didn't buy it back at 28, which was my target price. Hopeful to get a second chance.